ATFM

If you purchase a residential property between 8 July 2020 to 31 March 2021 , you only start to pay SDLT on the amount that you pay for the property above £500,000. These rates apply whether you are buying your first home or have owned property before. You can use the table to work out the SDLT due: Property or lease premium or transfer value SDLT rate Up to £500,000 Zero The next £425,000 (the portion from £500,001 to £925,000) 5% The next £575,000 (the portion from £925,001 to £1.5 million) 10% The remaining amount (the portion above £1.5 million) 12% From 8 July 2020 to 31 March 2021 the special rules for first time buyers are replaced by the reduced rates set out above. Higher rates for additional properties The 3% higher rate for purchases of additional dwellings applies on top of revised standard rates above for the period 8 July 2020 to 31 March 2021. The following rates apply: Property or lease premium or transfer value SDLT rate Up to £500,